Trading activity on the Shenhua Auction Platform continued to show stark divergence, with PP commanding significantly stronger buying interest compared to LLDPE. This trend has persisted throughout the week, mirroring patterns observed on the Dalian Commodity Exchange and the domestic spot market.
The domestic LLDPE film market in China remained on a downward trajectory for the second consecutive week amid rapidly falling demand ahead of the weeklong Lunar New Year holiday and loosening supply conditions.
Initial responses from India are lukewarm, market sources said. Buyers here have been selectively procuring competitive Chinese materials over the past weeks despite having yet to receive confirmations on the anti-dumping investigation from relevant authorities.
The Shenhua Auction Platform displayed divergent trading dynamics, with homo-PP garnering relatively robust demand, buoyed by resilience in the futures market. Despite a CNY 50/ton increase in auction prices, buying interest for homo-PP remained strong,
A major Saudi Arabian producer has announced new PE offers for February shipments to Vietnam with a $20/ton increase compared to January. The price adjustment comes amid tightened supply attributed to a recent production issue.